By way of a little diversification, today we have a software sales story – although this time the developers are putting the entire application and IP rights up for sale, as they are seeking to divest themselves of what has now become a non-core product.

The software application – called the FileNote Management System* – was originally developed for the legal sector in 2005/6 but never actively marketed, as the company's other business stream – banking systems – was going through a period of rapid expansion. (The company has also recently relocated from Dallas, Texas to Melbourne, Australia.) As a result, although this is a fully functioning application, there is no installed user base and no support revenue streams.

Although the application will operate in a stand-alone mode, the developers envision it being used in conjunction with practice management, case management, document management and/or CRM systems and are looking to engage with prospective buyers who are already established in these markets. Because the product is protected by non-disclosure agreements, we are unable to go into any further details at this stage – save to say this is an application that could be used enterprise-wide by all fee earners in a firm – and are currently looking for expressions of interest. We** will also be directly contacting some of the usual suspects to invite them to look at the software.

If you are interested, please email filenote@legaltechnology.com for further details.


* This product has no connection with the Tikit Group's FileNote application, which was developed independently at a later date.

** Legal Technology Insider is acting as a broker in this transaction – negotiations will be conducted by an Ashurst partner who is also a relative of the software company's founder.